Which of the following is not reported as a cash flow from investing activities?
A)Sale of a depreciable asset for cash.
B)Purchasing land in exchange for common stock.
C)Selling a long-term investment at a loss for cash.
D)Selling a patent in exchange for cash.

Question

Quizplus · Accepted Answer

Purchasing land in exchange for common stock is not reported as a cash flow from investing activities. This transaction would be reported as a noncash investing and financing activity because no cash was exchanged. The other options (A, C, and D) are all cash flows from investing activities as they involve the sale of a depreciable asset, a long-term investment, and a patent, respectively, for cash.

Which of the Following Is Not Reported as a Cash